Aug. 12 at 4:18 PM
$NWL For the uninformed I will spell out what will happen next.
The stock has been hitting resistance since the ER at the ER gap open Anchored VWAP of
$6.16. This is the volume weighted average price paid for every share since hitting a high of
$7.13 on July 31 when it gapped open on significant volume on a positive ER.
It has been wedging and attempting to clear this every since. It is back above a rising 5 DMA and with retail sales numbers released tomorrow it will clear this if the numbers are positive. The pivot above June highs is back in play
Holding
